Comstock Resources Inc CRK

Energy Oil & Gas E&P

Comstock Resources, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates through the exploration and production of North American oil and natural gas segment. The Company primarily operates in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas, with economic and geographical proximity to the Gulf Coast markets. The Company is focused on the development of drilling opportunities in the Haynesville and Bossier shales and exploration activities in Western Haynesville play. The Company has approximately 2,959 drilling locations on its Haynesville/Bossier shale acreage, where the Company estimates to have 4.9 trillion cubic feet equivalent (TCFE) of reserve potential. The Company owns interests in approximately 2,478 producing oil and natural gas wells (1,516.7 net) and operates 1,703 of these wells.

NYSE:CRK - Post by User

Comstock Resources Inc

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Comment by vforvalueon Jun 07, 2008 11:03am

304 Views

Post# 15157328

RE: New highs

The article does bring up some interesting points
1) company is almost 100 years old- i am sure it has gone through oil crisis before and survived. This gives hope to shareholders that once the oil bubble pops, CRK will continue in operations

Nevertheless,

2) Insider selling. This is never a good sign.

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